Mr. Maseko served as the Chief Executive Officer and Chief Operating Officer of British Petroleum Southern Africa since 2008. The company also revealed growth in the mobile business with 30.2% growth to 5.2 million subscribers, with the average revenue per user (ARPU) increasing by 10.2% to R98. Telkom has published its annual report for the 2019 financial year, revealing what its top executives were paid. Maseko said BCX "did not really show up in the right way … although that’s more of a timing issue than a structural issue — it’s the deferral of spending by the private and public sectors". Deputy CFO Tsholofelo Molefe, who has been appointed as the new CFO of the group, was paid R7.2 million, while retired chief information officer (CIO) Len de Villiers earned R14.3 million. View Sipho Maseko’s profile on LinkedIn, the world’s largest professional community. Telkom paid its prescribed officers a total of R63.2 million for the year. According to the report, Telkom CEO Sipho Maseko was paid a total package of R27.2 million for the 2018 financial year, comprising a basic salary of R8.05 million, a short-term incentive bonus of R7.58 million and a long-term incentive bonus of R11.56 million. What would your business sacrifice for simplicity? LinkedIn See the complete profile on LinkedIn and discover Sipho’s connections and jobs at similar companies. Group chief executive officer (CEO) Sipho Maseko picked up a R23.2 million paycheque, made up of a guaranteed salary of R8.3 million, a bonus of … 6. 2. 1. However, it reported issues in the fixed-line business which showed a decline in revenue of 7.9% as customers migrated to new technology. Sipho, this morning a disclosure from Telkom that the company had made a R6m loan to CFO, Jaques Schindehütte, in order for him to buy Telkom shares. Former group chief financial officer (CFO) Deon Fredericks, who stepped down at the end of June 2018 to become the group’s chief investment officer (CIO), was paid R4.76 million for his role as CFO, and R5.8 million for his role as CIO, bringing his total to R10.56 million for the year. Telkom CEO Sipho Maseko earned a total of R21.8 million for the 2020 financial year. The company posted a Consumer revenue up 5.9%, driven by a 47.2% growth in mobile service revenue for the year ended March 2018. Additionally, the report showed that Former CFO and new CIO Deon Fredericks received a total pay of R13.6 million for the period. In a country where the average salary in the formal sector is around R22,000 per month, these executive Sipho Maseko sells Telkom shares worth R6.3-million Telkom CEO Sipho Maseko has offloaded R6.3-million worth of the shares he holds in the JSE-listed telecommunications group, a regulatory filing on Wednesday showed. Sipho Nkosinathi Maseko occupies the position of Group Chief Executive Officer & Executive Director at Telkom SA SOC Ltd. and Principal at Kleoss Capital (Pty) Ltd. Mr. Maseko is also on the board of Business Connexion Group Ltd., BMW South Africa Pty Ltd. and Gyro Group Pty Ltd. The group reported a 19.2% decrease in profit after tax to R3.158 billion. Sipho Nkosinathi Maseko is Chief Executive Officer at Telkom SA Soc Ltd. See Sipho Nkosinathi Maseko's compensation, career history, education, & memberships. Other MTN executives also did well. The budget speech – what does it mean for business? Telkom advised in its annual report on Friday that Maseko’s pay included a guaranteed salary of R8.3m, unvested … 3. R23 million payday for Telkom CEO Sipho Maseko, Half of middle-income South Africans spend their monthly salary within 5 days, South Africans will feel the pinch in April: economists, Cape Town to introduce new alcohol proposals in the next few months, Expect 5 more years of load shedding for South Africa – these charts show why, Checkers fires warning at Pick n Pay and Woolworths over upper-income shoppers, Save on your car insurance today – Or get R500. Fixed voice and interconnection revenue declined by 14.3%, which negatively impacted the overall performance of Openserve and BCX. Dividends paid on unvested shares totalled R2.56 million. In an integrated annual report, the company said it has paid Maseko a total package of R23 million in 2019 versus R27 million in 2018 financial year. 5. Meanwhile, Telkom CEO Sipho Maseko walked away with R14.5 million for the year ended 31 March 2016. Comments section policy: Any attacks on BusinessTech, its journalists, or other readers will result in a ban. In May, Telkom reported a 6.55% drop in operating profit for the year ended March 2018, to R4.939 billion, with revenue flat at R41.018 billion. Telkom CEO Sipho Maseko earned total remuneration of R23.2-million in the 2019 financial year, down from R27.2-million in 2018, mainly as a result of fewer shares that vested to him in the period. This is a reduction of more than R1 million compared to the R23.2 million he earned over the 2019 period. The operator noted that permanent jobs declined to 15,296 from 17,472 in the prior year – a loss of 2,176 people. According to the report, Telkom CEO Sipho Maseko was paid a total package of R27.2 million for the 2018 financial year, comprising a basic salary of R8.05 million, … MTN recently revealed that its former CEO, Rob Shuter received a pay package of R74 million for eight months’ work. Mobile service revenue increased by 58.3%, supported by an 85.9% growth in active subscribers to 9.7 million, it said. According to the report, Telkom CEO Sipho Maseko was pa d a total package of R27.2 m Ilion for the 2018 financial year, comprising a basic salary of R8.05 mil ion, a short-term incentive bonus of R7.58 million and a long- term incent ve bonus of R11.56 million. View Sipho Maseko’s profile on LinkedIn, the world's largest professional community. CAPE TOWN - Telkom has published its integrated report for the 2018 financial year. Telkom CEO Sipho Maseko earned a total of R21.8 million for the 2020 financial year. Sipho has 4 jobs listed on their profile. Hence, we can conclude that Sipho Maseko is remunerated higher than the industry median. Telkom CEO Sipho Maseko said the general salary increase would be six percent. Headline earnings per share was up 22.6% to 722.4 cents per share. 4. Maseko, 48, says the key to Telkom's good results is a lack of government interference with his management team. This, it said, was mainly attributable to an increase in the taxation expense and a 3.6% decrease on earnings before interest, taxation, depreciation and amortisation (EBITDA) of R10.544 million. We think total compensation is more important but our data shows that the CEO salary is lower, at R8.8m. S outh Africa’s Telkom has cut the compensation of CEO Sipho Maseko for the 2019 financial year. Maseko’s assistant Noma Faku, answered questions on his behalf: “Sipho Maseko has not seen Mr Massone’s affidavit and is therefore not in a position to comment on its contents. JOHANNESBURG - Telkom chief executive Sipho Maseko took home R1.3 million less during the year ended in March than the R23m he scored last year. SIPHO MASEKO: Actually for me it is not a big deal at all actually, I think that the functional separation in any event I had begun to look at potentially running Telkom along two lanes, as it were. Sipho has 5 jobs listed on their profile. New CEO Ralph Mupita was paid R31 million while MTN SA CEO Godfrey Motsa received R17 million. ... Probe into Estate Agency Affairs Board will include tenders and salary payments View Sipho Maseko’s profile on LinkedIn, the world's largest professional community. Between 1993-1995, He studied at the University of KwaZulu-Natal where he received a BA and LLB. Telkom chief executive Sipho Maseko faces referral to South Africa's national prosecutor or a fine if he fails to attend a corporate governance course as ordered, a state department said. “The decrease in permanent workforce was primarily due to VSP’s (voluntary severance package) and VERP’s (voluntary early retirement packages) offered and the section 189 process,” it said. Telkom has also seen a resurgence in its share price under the guidance of Maseko, Read: Half of middle-income South Africans spend their monthly salary within 5 days. © 2021 Independent Online and affiliated companies. Why your company should consider low-code as part of its delivery strategy, UK’s updated ‘red list’ for travel causes more headaches for South Africans, South Africa stepping closer to a tax revolt: think tank, 5 important things happening in South Africa today, South Africa faces fragile recovery as a third Covid-19 wave is expected to hit in coming weeks, Fight brewing over planned language changes for South African schools, South African schools set for major shake-up - and experts are worried, Group operating revenue up 5.3% to R41.8 billion, Capex of R7.7 billion with capex to revenue ratio of 18.4%, Final ordinary dividend of 249 cents taking the annual dividend to 362 cents, an increase of  2.0% year on year. Sipho Maseko is group chief executive of Telkom. SIPHO MASEKO: Icasa should consider digital future and get spectrum licensing right . This is a reduction of more than R1 million compared to the R23.2 million he earned over the 2019 period. Despite this impact, overall revenue decline was contained at 3.3% for Openserve and 3.4% for BCX, it said. In this episode of the podcast, Duncan McLeod interviews Telkom Group CEO Sipho Maseko on the group’s 2019 financial results. This resulted in an 18.4% decrease in headline earnings per share (HEPS) to 597 cents. Group chief executive officer (CEO) Sipho Maseko picked up a R23.2 million paycheque, made up of a guaranteed salary of R8.3 million, a bonus of R7 million and a vested share payout of R5.3 million as part of his long-term incentive. Telkom CEO Sipho Maseko and CWU president Cecil Mokhantso sign a three-year wage agreement. Telkom chief executive Sipho Maseko took home R1.3 million less during the year to the end of March than the R23m he scored in the previous year. View the profiles of professionals named "Sipho Maseko" on LinkedIn. He has been the Chairman of Business Connexion Group Limited since May 10, 2017. Since September 2011 until July 2012, he served as a Group Chief Operating Officer of Vodacom. Sipho has 6 jobs listed on their profile. He has been luckier than his predecessors, he says. In 2018, Telkom paid a total of R153.9 million. For comparison, other companies in the same industry with market capitalizations ranging between R5.9b and R24b had a median total CEO compensation of R12m. Telkom paid a further R113.2 million to 10 prescribed officers, including those who have since left the company. Other executives who have left the company such as Brian Armstrong and Attila Vitai went home with R13.6 million and R24.3 million, respectively. Telkom CEO Sipho Maseko said the general salary increase would be six percent. Between 1989 - 1992, He received a Bachelor's degree at the University of Witwatersrand. Combined with director pay (of R40.8 million) the group paid a total of R104 million to its top executives. Do you have an uncapped internet package at home. In May, Telkom reported a strong set of results for the year ended March 2019, on the back of massive growth in its mobile segment. And how can you maximise your communications spend? Mr. Sipho Nkosinathi Maseko has been Group Chief Executive Officer and Executive Director of Telkom SA SOC Limited since April 1, 2013. There are 60+ professionals named "Sipho Maseko", who use LinkedIn to exchange information, ideas, and opportunities.